African Islamic Finance in the Fintech Era
The booming Fintech industry is capturing traditional market share with its approach and is giving rise to an impressive array of new startups touching on services from payments to financing, asset management, insurance, and advice. Many calls for financial services companies have been made to tie up with Fintech companies to leverage on their penetration levels, rather than compete head-on.
In Africa, the potential disruptions of technology to the Islamic finance sector cannot be underestimated. Encouragingly, we are seeing increasing number of Fintech startups, innovation labs and incubators based on the values and principles of Islamic finance. However, they are not as visible and omnipresent as their conventional peers.
SAIFI will explore how the convergence of FinTech and Islamic Finance is contributing to the growth of Islamic African economic system and (ii) how FinTech is the key to capturing the next generation of African Islamic digital economy customers.
SAIFI will host the P.O.C (proof of concept) of exciting new Islamic FinTech solutions such as I-trade : the first blockchain-based, ALM platform. The event is an occasion for innovators who do access to finance and exposure. and it will include keynote sessions, key stakeholders, regulatory panels between government agencies, financial institutions and startups.